1-bed at The Edge, Business Bay — AED 110,000 below market
Business Bay, Dubai · The Edge Tower B
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 636 sqft
- Furnishing
- Unfurnished
- Property type
- 1-bed apartment
- Developer
- Select Group
- Status
- Off-plan
About this property
Distressed 1-bedroom off-plan resale at The Edge, Business Bay: AED 1,380,000, about AED 110,000 below the last same-size sale in this Select Group tower.
The apartment
- Size: 636 sq ft (548 sq ft inside, 88 sq ft balcony)
- Layout: Type C in Tower B, one bedroom, one bathroom, open kitchen
- Outlook: cityscape towards Sheikh Zayed Road, per the developer's key plan
- Building: The Edge by Select Group, dual towers, now sold out off-plan
The money
- Original price from the developer: AED 1,429,000
- Already paid in: AED 571,600, the full 40% construction stage
- Due at handover: AED 857,400, in one payment on completion
- Cash to the sellers now: about AED 522,600, and nothing more until handover
- No mortgage. Registered under Oqood contract 351748/2024
Building amenities
- Infinity pool — on a 61,000 sq ft podium deck
- Gymnasium — indoor and outdoor
- Padel court — plus pickleball and basketball
- Co-working space — with a games room and lounge
- Barbecue area — on the leisure deck
Worth knowing
- Handover date: Select Group publishes none and none is in the papers
- Late charge: AED 2,094 outstanding from 2023, cleared before transfer
- Photos: Select Group's own project renders, not this apartment
Why urgent
The owners need the money quickly, so they have priced below what they paid the developer.
What the Land Department register says
1-bedroom apartments in this building have a median recorded sale price of AED 1,453,000 at a median 574 sqft, across 92 recorded transactions over the last 12 months. These are prices registered with the Dubai Land Department, not asking prices.
That is 2,423 AED per sq ft on the register, against 2,170 AED per sq ft for this unit at its asking price. Both are facts; which is the better buy depends on the floor, the view and the condition, none of which the register records.
The register files this building as THE EDGE in Business Bay, not as “The Edge Tower B” — which is why a price search under the name on the building finds nothing.
Full sale register for this building →